down round

noun

A round of financing for a company that raises capital at a lower share price (or sometimes a lower company valuation) than the previous round.

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Meanings

noundown round (plural down rounds)

plural down rounds

  1. businessA round of financing for a company that raises capital at a lower share price (or sometimes a lower company valuation) than the previous round.

    Despite the combined nearly $35bn write-off of supposed shareholder value, these “down round” IPOs are not being met with derision in Silicon Valley. Instead, they are a signal that rationality is slowly returning to venture capital.

    2024 March 16, Tabby Kinder, “Reddit IPO reveals reality check for Silicon Valley”, in FT Weekend (Companies & Markets section), London: The Financial Times Ltd., →ISSN, →OCLC, page 14
Cite this entry
APA

down round. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/down%20round

MLA

“down round.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/down%20round. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “down round,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/down%20round.

Source: down round on Wiktionary, CC BY-SA 4.0.